Details about Philippe Bacchetta

E-mail:
Homepage:	http://www.hec.unil.ch/pbacchetta
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Départment d'économétrie et d'économie politique (DEEP) (Department of Econometrics and Economics), École des Hautes Études Commerciales (HEC) (Business School), Université de Lausanne, (more information at EDIRC)

Access statistics for papers by Philippe Bacchetta.

Last updated 2009-11-18. Update your information in the RePEc Author Service.

Short-id: pba111

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Working Papers

2009

1. Can Parameter Instability Explain the Meese-Rogoff Puzzle?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2009)
   Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (2009) View citations
2. On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations
   Working Papers, Hong Kong Institute for Monetary Research (2009) View citations
3. Tacit On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals
   Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations

2008

4. Higher Order Expectations in Asset Pricing
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in FAME Research Paper Series, International Center for Financial Asset Management and Engineering (2004) View citations
   Working Papers, Swiss National Bank, Study Center Gerzensee (2004) View citations
   See also Journal Article in Journal of Money, Credit and Banking (2008)

2007

5. Random Walk Expectations and the Forward Discount Puzzle
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2007) View citations
   Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (2007) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations
   See also Journal Article in American Economic Review (2007)

2006

6. Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2006) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations
   See also Journal Article in Journal of Monetary Economics (2009)
7. Incomplete information processing: a solution to the forward discount puzzle
   Working Paper Series, Federal Reserve Bank of San Francisco View citations
   Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2005) View citations
   See also Journal Article in Proceedings (2006)
8. Predictability in Financial Markets: What Do Survey Expectations Tell Us?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in Working Papers, Hong Kong Institute for Monetary Research (2006) View citations
   Working Papers, Swiss National Bank, Study Center Gerzensee (2006) View citations
   See also Journal Article in Journal of International Money and Finance (2009)

2005

9. Can Information Heterogeneity Explain the Exchange Rate Determination?
   FAME Research Paper Series, International Center for Financial Asset Management and Engineering View citations
10. Productivity Growth and the Exchange Rate Regime: The Role of Financial Development
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations
11. Rational Inattention: A Solution to the Forward Discount Puzzle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in FAME Research Paper Series, International Center for Financial Asset Management and Engineering (2005) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations

2004

12. A Scapegoat Model of Exchange Rate Fluctuations
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations
    Also in Working Papers, Swiss National Bank, Study Center Gerzensee (2004) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in American Economic Review (2004)
13. Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations
    Working Papers, Swiss National Bank, Study Center Gerzensee (2003) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Journal Article in American Economic Review (2006)
14. Financial Development and the Instability of Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (2004)

2003

15. Why do Consumer Prices React Less than Import Prices to Exchange Rates?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (2002) View citations
    Working Papers, Swiss National Bank, Study Center Gerzensee (2002) View citations
    See also Journal Article in Journal of the European Economic Association (2003)

2002

16. A Theory of Currency Denomination of International Trade
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
17. A Theory of the Currency Denomination of International Trade
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in DNB Staff Reports (discontinued), Netherlands Central Bank (2002) View citations
    Working Paper Series, European Central Bank (2002) View citations
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (2001) View citations
    Working Papers, Swiss National Bank, Study Center Gerzensee (2001) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations
    See also Journal Article in Journal of International Economics (2005)

2001

18. A Corporate Balance Sheet Approach to Currency Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (2001) View citations
    Working Papers, Swiss National Bank, Study Center Gerzensee (2001) View citations
    See also Journal Article in Journal of Economic Theory (2004)

2000

19. Capital Markets and the Instability of Open Economies
    Working Papers, Swiss National Bank, Study Center Gerzensee View citations
    Also in Working Papers, Swiss National Bank, Study Center Gerzensee (1999) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
20. Currency Crises and Monetary Policy in an Economy with Credit Constraints
    Working Papers, Swiss National Bank, Study Center Gerzensee View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations
    See also Journal Article in European Economic Review (2001)
21. Monetary Policy with Foreign Currency Debt
    Working Papers, Swiss National Bank, Study Center Gerzensee View citations
22. Trade Flows, Prices, and The Exchange Rate Regime
    Working Papers, Swiss National Bank, Study Center Gerzensee View citations

1999

23. A Simple Model of Monetary Policy and Currency Crises
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations
    Also in Working Papers, Swiss National Bank, Study Center Gerzensee (1999)
    See also Journal Article in European Economic Review (2000)
24. Does Exchange Rate Stability Increase Trade and Welfare ?
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations
    See also Journal Article in American Economic Review (2000)

1998

25. Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Working Papers, Swiss National Bank, Study Center Gerzensee (1998) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    See also Chapter (2000)
26. Does Exchange Rate Stability Increase Trade and Capital Flows?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Research Paper, Federal Reserve Bank of New York (1998) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations
    Working Papers, Swiss National Bank, Study Center Gerzensee (1998) View citations
27. Financial Liberalization and Volatility in Emerging Market Economies
    Working Papers, Swiss National Bank, Study Center Gerzensee View citations
    Also in Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (1998) View citations

1997

28. Consumption and Credit Constraints: International Evidence
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations
    See also Journal Article in Journal of Monetary Economics (1997)
29. Trade in Nominal Assets and Net International Capital Flows
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of International Money and Finance (2000)

1996

30. Do Capital Market Imperfections Exacerbate Output Fluctuations ?
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
    See also Journal Article in European Economic Review (2000)

1995

31. The Impact of Monetary Policy and Bank Lending: Some International Evidence
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP

1994

32. Net Capital Flows under Exchange Rate and Price Volatility
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP View citations

1993

33. Information Sharing and Tax Competition Among Governments
    CEPR Financial Markets Paper, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 53--56 Great Sutton Street, London EC1V 0DG View citations
    Also in UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (1992)
    See also Journal Article in Journal of International Economics (1995)

1992

34. A Note on Reserve Requirements and Public Finance
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations
    See also Journal Article in International Review of Economics & Finance (1994)
35. National Saving and International Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1991)

1987

36. How Far Has the Dollar Fallen?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

Journal Articles

2009

1. Exchange rate volatility and productivity growth: The role of financial development
   Journal of Monetary Economics, 2009, 56, (4), 494-513
   See also Working Paper (2006)
2. Predictability in financial markets: What do survey expectations tell us?
   Journal of International Money and Finance, 2009, 28, (3), 406-426
   See also Working Paper (2006)

2008

3. Higher Order Expectations in Asset Pricing
   Journal of Money, Credit and Banking, 2008, 40, (5), 837-866 View citations
   See also Working Paper (2008)

2007

4. Random Walk Expectations and the Forward Discount Puzzle
   American Economic Review, 2007, 97, (2), 346-350 View citations
   See also Working Paper (2007)

2006

5. Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?
   American Economic Review, 2006, 96, (3), 552-576 View citations
   See also Working Paper (2004)
6. Incomplete information processing: a solution to the forward discount puzzle
   Proceedings, 2006, (Jun) View citations
   See also Working Paper (2006)

2005

7. A theory of the currency denomination of international trade
   Journal of International Economics, 2005, 67, (2), 295-319 View citations
   See also Working Paper (2002)

2004

8. A Scapegoat Model of Exchange-Rate Fluctuations
   American Economic Review, 2004, 94, (2), 114-118 View citations
   See also Working Paper (2004)
9. A corporate balance-sheet approach to currency crises
   Journal of Economic Theory, 2004, 119, (1), 6-30 View citations
   See also Working Paper (2001)
10. Financial development and the instability of open economies
    Journal of Monetary Economics, 2004, 51, (6), 1077-1106 View citations
    See also Working Paper (2004)

2003

11. Why Do Consumer Prices React Less Than Import Prices to Exchange Rates?
    Journal of the European Economic Association, 2003, 1, (2-3), 662-670 View citations
    See also Working Paper (2003)

2001

12. Book review: International Capital Flows Martin Feldstein (ed.), The University of Chicago Press and National Bureau of Economic Research, 1999
    Journal of International Economics, 2001, 53, (1), 235-237
13. Currency crises and monetary policy in an economy with credit constraints
    European Economic Review, 2001, 45, (7), 1121-1150 View citations
    See also Working Paper (2000)
14. Intranational Economics and International Economics
    Journal of International Economics, 2001, 55, (1), 1-1 View citations

2000

15. A simple model of monetary policy and currency crises
    European Economic Review, 2000, 44, (4-6), 728-738 View citations
    See also Working Paper (1999)
16. Do capital market imperfections exacerbate output fluctuations?
    European Economic Review, 2000, 44, (3), 449-468 View citations
    See also Working Paper (1996)
17. Does Exchange-Rate Stability Increase Trade and Welfare?
    American Economic Review, 2000, 90, (5), 1093-1109 View citations
    See also Working Paper (1999)
18. Exchange-of-Information Clauses in International Tax Treaties
    International Tax and Public Finance, 2000, 7, (3), 275-293 View citations
19. The Impact of Monetary Policy and Banks' Balance Sheets: Some International Evidence
    Applied Financial Economics, 2000, 10, (1), 15-26 View citations
20. Trade in nominal assets and net international capital flows
    Journal of International Money and Finance, 2000, 19, (1), 55-72 View citations
    See also Working Paper (1997)

1997

21. Consumption and credit constraints: International evidence
    Journal of Monetary Economics, 1997, 40, (2), 207-238 View citations
    See also Working Paper (1997)
22. Exchange Rate Policy and Disinflation: The Spanish Experience in the ERM
    The World Economy, 1997, 20, (2), 221-238
23. Firm Restructuring and the Optimal Speed of Trade Reform
    Oxford Economic Papers, 1997, 49, (2), 291-306 View citations

1996

24. Capital controls and the political discount: The Spanish experience in the late 1980s
    Open Economies Review, 1996, 7, (4), 349-369

1995

25. Information sharing and tax competition among governments
    Journal of International Economics, 1995, 39, (1-2), 103-121 View citations
    See also Working Paper (1993)

1994

26. A note on reserve requirements and public finance
    International Review of Economics & Finance, 1994, 3, (1), 107-118 View citations
    See also Working Paper (1992)
27. Sticky import prices and J-curves
    Economics Letters, 1994, 44, (3), 281-285 View citations

1992

28. Liberalization of Capital Movements and of the Domestic Financial System
    Economica, 1992, 59, (236), 465-74 View citations
29. Optimal seigniorage and financial liberalization
    Journal of International Money and Finance, 1992, 11, (6), 518-538 View citations

1990

30. Temporary capital controls in a balance-of- payments crisis
    Journal of International Money and Finance, 1990, 9, (3), 246-257 View citations

Books

2003

1. Trans-Atlantic Public Economics Seminar (TAPES), Taxation of Financial Income
   NBER Books, National Bureau of Economic Research, Inc

Chapters

2007

1. Comment on "Optimal Monetary Policy and the Sources of Local-Currency Price Stability"
   A chapter in International Dimensions of Monetary Policy, 2007

2000

2. Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility
   A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 61-104 View citations
   See also Working Paper (1998)

1991

3. National Saving and International Investment
   A chapter in National Saving and Economic Performance, 1991, pp 201-226 View citations
   See also Working Paper (1992)